Arizona State Retirement System boosted its position in Universal Corp (NYSE:UVV) by 6.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,452 shares of the company’s stock after acquiring an additional 2,249 shares during the quarter. Arizona State Retirement System owned 0.15% of Universal worth $2,082,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of UVV. Quantamental Technologies LLC acquired a new stake in shares of Universal during the fourth quarter worth $119,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Universal by 20.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,771 shares of the company’s stock worth $96,000 after purchasing an additional 304 shares during the period. James Investment Research Inc. acquired a new stake in shares of Universal during the fourth quarter worth $996,000. Bank of Montreal Can lifted its holdings in shares of Universal by 27.9% during the fourth quarter. Bank of Montreal Can now owns 1,907 shares of the company’s stock worth $104,000 after purchasing an additional 416 shares during the period. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Universal by 4.6% during the fourth quarter. Nisa Investment Advisors LLC now owns 40,700 shares of the company’s stock worth $2,204,000 after purchasing an additional 1,800 shares during the period. 88.39% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE UVV opened at $55.84 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 4.70 and a quick ratio of 2.07. Universal Corp has a 1-year low of $46.10 and a 1-year high of $76.98. The firm has a market cap of $1.38 billion, a P/E ratio of 12.34 and a beta of 0.91.
In related news, insider James A. Huffman sold 3,112 shares of the stock in a transaction on Friday, November 16th. The stock was sold at an average price of $67.23, for a total transaction of $209,219.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.50% of the stock is owned by company insiders.
ILLEGAL ACTIVITY WARNING: “Arizona State Retirement System Raises Stake in Universal Corp (UVV)” was first published by Markets Daily and is the property of of Markets Daily. If you are accessing this story on another site, it was copied illegally and republished in violation of US & international trademark & copyright law. The correct version of this story can be read at https://www.themarketsdaily.com/2019/02/13/arizona-state-retirement-system-raises-stake-in-universal-corp-uvv.html.
Universal Corporation engages in the supply of leaf tobacco products worldwide. The company operates through North America, South America, Africa, Europe, Asia, Dark Air-Cured, Oriental, and Special Services segments. It is involved in procuring, financing, processing, packing, storing, and shipping leaf tobacco for sale to manufacturers of consumer tobacco products.
Featured Story: What is cost of equity?
Want to see what other hedge funds are holding UVV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Universal Corp (NYSE:UVV).
Receive News & Ratings for Universal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal and related companies with MarketBeat.com's FREE daily email newsletter.